In its staff-level report, released Thursday, the IMF warned that Pakistan’s economy continues to suffer from “deep-rooted distortions,” driven by chronic corruption, governance failures, and persistent losses across key sectors.
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The International Monetary Fund (IMF) has added 11 fresh conditions to Pakistan’s $7-billion bailout programme during its second review, pushing the total to 64 conditions in just 18 months.
In its staff-level report, released Thursday, the IMF warned that Pakistan’s economy continues to suffer from “deep-rooted distortions,” driven by chronic corruption, governance failures, and persistent losses across key sectors.
A key reform mandate requires the government to publicly disclose asset declarations of senior federal civil servants by December 2026 on an official website. The plan will later expand to cover senior provincial officials, while banks will be granted full access to asset data to flag inconsistencies between wealth and declared income.
In its staff-level report, released Thursday, the IMF warned that Pakistan’s economy continues to suffer from “deep-rooted distortions,” driven by chronic corruption, governance failures, and persistent losses across key sectors.
A key reform mandate requires the government to publicly disclose asset declarations of senior federal civil servants by December 2026 on an official website. The plan will later expand to cover senior provincial officials, while banks will be granted full access to asset data to flag inconsistencies between wealth and declared income.
(Edited by : Ajay Vaishnav)
